The Exchange has received the disclosure under Regulation 29(2) of SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011 for Vinod Dugar & PACs
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Promoter Vinod Dugar, along with persons acting in concert (PACs), filed a disclosure under SEBI (SAST) Regulation 29(2) following the conversion of 27,75,000 share warrants into equity shares of RDB Real Estate Constructions Ltd, with the allotment dated January 22, 2026. As a result of the expanded share base, the promoter group's voting stake fell from 70.42% to 60.67% — a passive decrease of nearly 9.75 percentage points. The absolute number of shares held increased to 1,21,70,457, but their proportion of total equity shrank because the company's share capital rose from 1,72,83,400 to 2,00,58,400 equity shares. Total diluted share capital post-conversion stands at 3,51,13,400 equity shares.
This is a routine technical disclosure triggered by warrant conversion, not an active market purchase or sale. Promoter control remains strong at above 60%, well clear of any takeover or minimum public shareholding concerns. Investors should note the dilution effect on promoter percentage but no negative implication for the stock.